Cannabis Stock News Daily Roundup February 27
National Access Cannabis (TSXV: META), a health care service provider that specializes in prescribing medical cannabis, has appointed Michael Cosic as CFO and Lori Bailey as senior vice-president of retail. Lori has already joined the company while Michael will be joining on March 4, the company said in a statement. Current CFO Michael Best has been named chief accounting officer.
Westleaf (TSX-V: WL) said that it has completed the exterior construction work and is now commencing the work on the interior build of its Thunderchild cultivation facility. The 130,000-sq.-ft. indoor cultivation facility is expected to produce 14,600 kg of flower per annum once both phases are completed.
Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) has named Randy Whitaker as COO, which is new position within the company. Whitaker has more than 27 years of experience in real estate, finance, and store operations. He comes to GGB from Belk, a privately-held department store with over 293 locations.
MYM Nutraceuticals (CSE: MYM.CN) (OTCBB: MYMMF) reported additional organizational restructuring and important leadership changes. The company said that Elizabeth S Liu QC will become executive vice-president and chief legal officer. Robin Linden will serve as executive vice president and chief marketing officer, while Paul Cheetham has been named COO of the company. Further, Tibor Antal has been named to the newly-created position of vice president of business development.
Emerald Plants Health Source (OTCQB: STNN) has closed a 56-acre site in Merritt, B.C. The company is preparing to apply for development and building permits with the City of Merritt. Located on industrial properties, the site is zoned M1 for both cannabis and technology infrastructure, which will allow EPHS to build a state-of-the-art cannabis cultivation facility and campus.
Cannabis One Holdings (TSXV: MOE.H) – formerly Metropolitan Energy Corp. – announced that it has completed the business combination with Bertram Capital Finance. In connection with the closing of the business combination, Cannabis One has de-listed its common shares from the NEX board of the TSX Venture Exchange, effective at the close of business on February 26. The company anticipates commencement of trading under the ticker CBIS on the Canadian Securities Exchange.
Ignite International Brands Ltd. – formerly Green Axis Capital – has entered into a binding letter agreement with a vertically-integrated European white label manufacturer. Under the agreement, the ‘undisclosed’ European manufacturer will make, package, and distribute Ignite branded products to select wholesale and retail channels in European territories, subject to and in accordance with applicable jurisdictions laws and regulations.
Valens GroWorks (CSE: VGW) (OTC: VGWCF), which provides cannabis products and services focused on extraction methodologies, distillation, cannabinoid isolation and purification, has entered into a multi-year extraction services agreement with Tilray Canada Ltd. (NASDAQ: TLRY). Under the agreement, Valens will provide cannabis and hemp extraction services to Tilray, extracting a minimum annual quantity of 15,000 kg of dried cannabis and hemp.
CROP Infrastructure (CSE: CROP) said that It completed its previously-announced non-brokered private placement offering of senior secured convertible debenture units. The company issued senior secured convertible debentures of $4 million and 13,333,333 share purchase warrants with each warrant entitling the holder thereof to acquire one common share of the company at $0.50 per warrant share for a period of three years from the date of the closing of the offering.
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